Flying start for Marina One

THE Marina One investment by Khazanah Nasional Bhd and Temasek Holdings is off to a good start, ahead of its public launch on Saturday.

Its units, which are priced from RM1.4 million onwards, have been oversubscribed.

The integrated development in the Marina Bay financial district, here, is flanked by two parks — the Marina Station Square and Central Linear Park.

It is expected to be completed in 2017.

M+S Pte Ltd chief operating officer Kemmy Tan said private viewings had been held for two weeks and the project was well-received, judging from the healthy interest by local and foreign buyers.

“Our strongest foreign buyer markets are from Malaysia, China, India and Indonesia, with 70 per cent of them looking to invest and the rest for own occupation.

“We expect more buyers to come forward when the public launch begins on October 11 in both countries.

“Interested buyers in Malaysia may visit our sales gallery in Plaza Mont Kiara, which is already open,” said Tan at the Marina One special preview on Thursday.

The residential units come in four designs; namely 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom, and all units come equipped with a private lift as well as eight penthouses.

She said among the challenges faced during the initial development phase were the design considerations as well as huge amount of coordination that took place.

“The successful collaboration between the two countries was especially evident when both prime ministers unveiled Marina One last year during the Annual Leaders Retreat, aas well as the timely progress of the development.”

Marina One is a mixed-use development bounded by Marina Way and Straits View in Marina South.